Ford Commits Suicide - Lays Off Hundreds Of Engineers

Posted by freedomforall 5 months, 2 weeks ago to Business
39 comments | Share | Flag

"The cuts will be to engineers in EVs, traditional combustion engine models and commercial vehicles, the company said. The layoffs will number in the hundreds, despite CEO Jim Farley claiming earlier this year the company would need 25% more engineers than rivals to produce its EVs.

The company expects to lose $3 billion in 2023 on its EV business but hopes for 8% returns on battery powered models by the end of 2026. Ford plans on building 2 million EVs per year by that point.

T.R. Reid, a company spokesman, told Bloomberg: “We’re not cost competitive. We have specific priorities and ambitions that have implications for skills, assignments and staffing needs. These changes are consistent with that. They’ll make us cost effective.”"

Hire more accountants and Ivy League marketing grads.
That has always been a success in improving complex mechanical design and manufacturing.

Just shut your doors now and save the taxpayers the expense of artificial respiration and burial of your brainless corpses.

Engineers, welcome to the Gulch.
SOURCE URL: https://www.zerohedge.com/markets/ford-lays-hundreds-engineers

Add Comment


All Comments Hide marked as read Mark all as read

  • 11
    Posted by $ Markus_Katabri 5 months, 2 weeks ago
    The plan is plainly clear.
    You WILL drive the EVs.
    You will be ENSLAVED to pay for the EVs.
    Or you will suffer a decline in your apparent standard of living.

    They’ll figure out a way to LET us pay for them. If money was actually backed by something tangible it would be hard. But when it’s value is fake it’s not hard at all. If the peasants don’t have enough money we’ll just print more. And give it to them under contract for their time and labor/resources.
    THEY know what actually has value. And it’s not the little green pieces of paper that can be willed into existence with the stroke of a key. It’s all the time and effort expended by the dumb herd animals to chase that fiat that has real value. Marx was not completely wrong with he thoughts about the relationship of capital to labor.
    There was a reason AS’s working title was The Strike.
    Go Galt!
    Reply | Mark as read | Best of... | Permalink  
  • 10
    Posted by mhubb 5 months, 2 weeks ago
    they plan of building 2 million EVs

    no report on how many they plan on selling....
    Reply | Mark as read | Best of... | Permalink  
    • Posted by mccannon01 5 months, 2 weeks ago
      I would say "therein lies the rub". However, the government Marxists in charge of "The Ministry of Force it Down the Peoples Throats" will find a way to make it work - until the whole enchilada collapses on its face. See AS grapefruit scheme.
      Reply | Mark as read | Parent | Best of... | Permalink  
    • Posted by CaptainKirk 5 months, 2 weeks ago
      I watched a video about China's EV Graveyard.
      These are brand new EVs, parked in grass, rotting.

      Because they needed numbers, it was easier to just buy the EVs with "investment money" so they could hit their numbers...

      Meanwhile lookup the videos of them catching fear, losing their axles, exploding while charging.

      And people are afraid of Compressed Hydrogen.
      Reply | Mark as read | Parent | Best of... | Permalink  
    • Posted by stevieg88 5 months, 2 weeks ago
      Why do they even bother with EVs? Here in California, electric vehicles have been mandated by 2030. Another reason why I plan to leave this particular circle of hell via the next thing smokin'.
      Reply | Mark as read | Parent | Best of... | Permalink  
  • Posted by CaptainKirk 5 months, 2 weeks ago
    Do you know how many Engineers work at Ford?

    About Half!

    That's an old joke. But it's not false. Unfortunately, I do NOT think this is THAT kind of cleaning house.

    I think this is HR trying to HELP even more, by getting rid of the Dinosaurs (those who KNOW how to get things done), and replacing them with Yes Girls/Boys... Who will fail miserably, and cry about how they live under so much pressure.

    The HR Department sees this as a win/win. We get rid of the highest paid engineers, and we replace them with retarded DIE hires for 1/2 the price, allowing us to add 25% to the engineering staff while reducing our overall expenses.

    I was a pretty loyal FORD Truck person.
    That's all my father ever drove.
    He has passed... And so will Ford...

    Of course, I did not know about their support for Hitler, and their suing (and winning) of a lawsuit from the government for destroying their German TANK plants...

    But they must be dismantled. Because 15 minute cities are coming, and we do not need so many cars of any type.
    Reply | Mark as read | Best of... | Permalink  
    • Posted by 5 months, 2 weeks ago
      Thanks for reminding us that they are firing the half that work.
      My sister's husband worked his way up from the bottom at CocaCola for 25 years. When he had finally reached his goal in management, he was forced to retire (using threats and innuendo) with no company retirement plan.
      That is an example, as is this, of how socialist educators, banking, Wall St, and government have conspired and destroyed American industry and American middle class.
      Reply | Mark as read | Parent | Best of... | Permalink  
      • Posted by CaptainKirk 5 months, 2 weeks ago
        ffa, +1000

        When you realize that our government would give you 40 acres and a mule... You just had to work, and there were no property taxes. You grew your farm, raised your children, and then they inherited your farm/land/inventions/knowledge without paying a Death tax (One that they waved for Prince Charles... Why, that was a TON of money?)

        Anyways, the goal eventually became to enslave Americans with debt. You used to be able to buy a house (as a kit, from SEARS), and have it delivered, and you could put it together yourself.

        The building trades started when a small group realized they could assemble these WAY faster than a first timer... And get a premium.

        But you HAD your land, you PAID for your house. You carried no debts. You worked for food, and food was one of your largest input costs.

        Once the bankers took hold... We got Mortgages, Car Loans, Skyrocketing Inflation. Insurance, more lawyers, and more debt.

        And evidence was found showing that they PURPOSEFULLY stopped renewing the Farmers Loans, in unison, to get the farms in bankruptcy and sell them to big industry.

        I used to think the Immigration Act of 1963 was when we fell hard. I since moved it back to the creation of the Federal Reserve.

        After that, the rich were able to amplify their power through banking and the legal system.
        And they slowly took over everything. I believe they are behind the MIC... That's why sound money and fixing the tax codes are non-starters...
        Reply | Mark as read | Parent | Best of... | Permalink  
        • Posted by 5 months, 2 weeks ago
          As I have said before, I don't see any peaceful way out except possibly
          a variation on John Galt's solution, a consumer strike.
          Even that could set off a collapse and a deep state military response.
          If so, millions will die.
          Fighting on my feet is better than begging on my knees, imo.
          Reply | Mark as read | Parent | Best of... | Permalink  
  • Posted by dansail 5 months, 2 weeks ago
    Eventually we are going to start seeing stories in the news related to fires occurring at these fast charging stations. The current needed to fast charge these EV batteries is just about what flows through a household electrical panel while at full capacity. While this is not extraordinary, the cables interconnecting the station to the EV will be flexed, will be tugged, will be abused and ultimately be neglected over time. The extraordinary current flowing through these cable also means liquid cooling inside these cables. If the liquid cooling doesn't work, the cable doesn't work and the fast charging is now slow charging. Worse, if the whole system breaks down, the cable melts and causes a fire.

    Look for this in the news.
    Reply | Mark as read | Best of... | Permalink  
  • Posted by Aeronca 5 months, 2 weeks ago
    The engineering will be outsourced to China, who stole the technology from us in the first place. Ford will cry Uncle Sam we're an American Icon don't let us drown. They will get a bail-out that they designed to happen in advance.

    When Bush and his TARP bailouts happened I saw a new racket in the making.

    We will be buying our old money printing presses back from China soon we can't print it fast enough.
    Reply | Mark as read | Best of... | Permalink  
  • Posted by 25n56il4 5 months, 1 week ago
    Uh oh...back n the early 80's I asked a Chrysler executive 'What happened at your place?' He said, 'Well we got too heavy into design, ignored sales, and engineering. Things went downhill from that point on.' You gotta keep it all together else you'll bottom out like we did.
    Reply | Mark as read | Best of... | Permalink  
  • Posted by $ blarman 5 months, 2 weeks ago
    This is what happens when ESG takes over. It was no different than when James Taggart abandoned the profit motive.

    What's interesting is that if you look at the history of the Soviet Union since its inception in 1918, it is this EXACT story all over: they placed a premium on non-economic factors as the drivers of everything from utilities to food production and as a result, millions of people suffered, starved, and died. What most people don't know is that this is EXACTLY what the global elitists want!
    Reply | Mark as read | Best of... | Permalink  
  • Posted by stevieg88 5 months, 2 weeks ago
    While I am very saddened by the effect this has on American workers, I think all American car manufacturers, including Tesla, et. al. should close up shop. There is not any car made by Ford, GM, or Chrysler that can match the performance, build quality, and longevity of my beloved Subaru, or most Japanese manufacturers (Mitsubishi and Nissan, start learning from your brethren). This applies to Japanese manufacturers whether built in Japan or domestically.
    Reply | Mark as read | Best of... | Permalink  
    • Posted by 5 months, 2 weeks ago
      No argument, stevieg88, with trucks as a possible exception and that is beyond my experience.
      When I lived overseas in NZ it seemed the majority of cars had been imported as used cars from Japan.
      In Japan, people are encouraged to buy new cars every couple of years (to help their car manufacturers.)
      Much higher taxes must be paid on older cars in Japan.
      Used cars from Japan are much newer and with much lower mileage because Japan is relatively small compared to US.
      So NZ car buyers get a benefit of not very old, low mileage, high quality used cars from Japan.
      In the US we get screwed again.
      The Con-Gress has dictated that no foreign used car can be imported to the US unless it is over 25 years old.
      DC. NIFO.
      Now that I think of it, even a 25 year old car from Japan might be a better (much more economic) choice than
      something that rewards the looting scum in DC and Detroit.
      Reply | Mark as read | Parent | Best of... | Permalink  
  • Posted by AmericanWoman 5 months, 2 weeks ago
    The ONLY car manufacturing company being funded today is GM. Government Motors.
    Reply | Mark as read | Best of... | Permalink  
    • Posted by CaptainKirk 5 months, 2 weeks ago
      I will argue this is not true when you dig into the details and the grants, and the tax breaks.

      I watched Ford invest in some university competitions. They received like 4x the money they spent in R&D Grants. (Of course, like typical government corruption, some of that money had to be spent on "specific equipment", which was probably a political favor to someone else, LOL)
      Reply | Mark as read | Parent | Best of... | Permalink  
      • Posted by AmericanWoman 5 months, 2 weeks ago
        Do you have inside information to GM????well...they tell you what they want you to know...I have a bragging cousin in a top position there.
        Reply | Mark as read | Parent | Best of... | Permalink  
        • Posted by CaptainKirk 5 months, 2 weeks ago
          Oh, I know that the UAW is effectively a tax exempt "charity", and that GM was SUED for "misusing" the status by claiming Disney Trips for Upper Management (these are like bonuses for those who played the game), and such things as TRAINING.
          But they all do it.

          The model of Capitalism is a LIFE CYCLE of growing, spreading fresh ideas, making $$$ and then dying from failure to change. See Xerox, and Kodak. (Xerox invented the MOUSE/GUI, Kodak invented the digital camera).

          If the life-cycle is "halted" and companies are never washed out... Then the purveyers of bad ideas are rewarded, and soon enough ONLY bad ideas will be available... See ESG/Diversity... All countries moving in lock step...

          And the number of Presidents of countries who REFUSED to go along... Who ended up dead, or out of office, QUICKLY replaced by someone willing to sign on the dotted line...

          This is our world.
          Reply | Mark as read | Parent | Best of... | Permalink  
  • Posted by Owlsrayne 5 months, 1 week ago
    The current administration must be removed from office and the administration must be forcibly removed from their jobs. Then we will get a reprieve from the insane EV policies. I will never purchase another EV ever!
    Reply | Mark as read | Best of... | Permalink  
  • Posted by $ Stormi 5 months, 1 week ago
    Looking at the state of service at Dodge, we just added today a new Camaro to our stable in its place. Ford and GM actually seem to have a brain drain at the top. They listen to what bean counters and POTUS say, but ignore the public. We do not want dangerous over expensive EVs! I love the Camaro I alaready had, and my husband saw the demise coming at GM for hot cars, and we said now, before we have no choices. EV will take down a now precarious electric grid, all over the US, taht is why we have a whole house generator. Capitalism says, you will provide the car I want, or I will go where they do, or keep the one I have. I saw this overload of MBAs when I worked in the finance dept of an intl. tool and die comapny. They st infront of theri computers, never went into the shot, or talked to the men. They have idea, these geeks do not. Same iwth IT! I quit the compny, and within two years of the MBA invasions, they shut theri doors. It is a lot like the movie "Ford vs Ferrari", when they show the meatheads running things and making decisions.When a finance employee see a problem with an account, you wchick with the head of mfg. and service, and ask is it legit, if so fix it or lets write the machine off and get a new one out there. People no longer talk dept. to dept., it shows., I once read a book, psychology, or maybe marketing, "Driving Passion." Describes a lot about disconnect between what people really want vs what they say they want in cars. I would assume Ford want AI, not eople, and that will incrase the disconnect.
    Reply | Mark as read | Best of... | Permalink  


  • Comment hidden. Undo